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GAM vs. VIG
Performance
Return for Risk
Drawdowns
Volatility
Dividends

Performance

GAM vs. VIG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in General American Investors Company, Inc. (GAM) and Vanguard Dividend Appreciation ETF (VIG). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, GAM achieves a 10.68% return, which is significantly higher than VIG's 9.71% return. Over the past 10 years, GAM has outperformed VIG with an annualized return of 15.40%, while VIG has yielded a comparatively lower 13.03% annualized return.


GAM

1D
0.42%
1M
1.66%
6M
6.96%
YTD
10.68%
1Y
28.16%
3Y*
25.77%
5Y*
15.37%
10Y*
15.40%
ALL TIME*
9.19%

VIG

1D
-0.37%
1M
0.23%
6M
7.64%
YTD
9.71%
1Y
19.10%
3Y*
14.92%
5Y*
10.43%
10Y*
13.03%
ALL TIME*
10.23%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison


PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)
$1.10M$1.38M$1.77M
$229.58M$245.27M$258.85M

GAM vs. VIG - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
GAM
General American Investors Company, Inc.
10.68%28.63%29.55%26.84%-14.84%20.56%5.85%41.76%-10.25%21.32%
VIG
Vanguard Dividend Appreciation ETF
9.71%14.17%16.99%14.51%-9.80%23.76%15.43%29.62%-2.08%22.22%

Correlation

The correlation between GAM and VIG is 0.61, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.


Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.61

Correlation (3Y)
Balances recent behavior with more history.

0.69

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.78

Correlation (10Y)
Provides a long-term view across more market conditions.

0.77

Correlation (All Time)
Calculated using the full available price history since Apr 27, 2006

0.80

The correlation between GAM and VIG shifts across timeframes, from 0.61 (1 year) to 0.80 (all time), reflecting how their relationship changes across market environments.

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Return for Risk

GAM vs. VIG — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

GAM
GAM Risk / Return Rank: 9393
Overall Rank
GAM Sharpe Ratio Rank: 9494
Sharpe Ratio Rank
GAM Sortino Ratio Rank: 9494
Sortino Ratio Rank
GAM Omega Ratio Rank: 9393
Omega Ratio Rank
GAM Calmar Ratio Rank: 8787
Calmar Ratio Rank
GAM Martin Ratio Rank: 9595
Martin Ratio Rank

VIG
VIG Risk / Return Rank: 7575
Overall Rank
VIG Sharpe Ratio Rank: 7979
Sharpe Ratio Rank
VIG Sortino Ratio Rank: 8080
Sortino Ratio Rank
VIG Omega Ratio Rank: 7777
Omega Ratio Rank
VIG Calmar Ratio Rank: 6666
Calmar Ratio Rank
VIG Martin Ratio Rank: 7575
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

GAM vs. VIG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for General American Investors Company, Inc. (GAM) and Vanguard Dividend Appreciation ETF (VIG). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.


GAMVIGDifference
Sharpe ratioReturn per unit of total volatility

+0.52

Sortino ratioReturn per unit of downside risk

+0.63

Omega ratioGain probability vs. loss probability

1.41

1.32

+0.09

Calmar ratioReturn relative to maximum drawdown

3.06

2.28

+0.78

Martin ratioReturn relative to average drawdown

13.47

9.28

+4.20

GAM vs. VIG - Sharpe Ratio Comparison

The current GAM Sharpe Ratio is 2.31, which is comparable to the VIG Sharpe Ratio of 1.79. The chart below compares the historical Sharpe Ratios of GAM and VIG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.


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Drawdowns

GAM vs. VIG - Drawdown Comparison

The maximum GAM drawdown since its inception was -66.63%, which is greater than VIG's maximum drawdown of -46.81%. Use the drawdown chart below to compare losses from any high point for GAM and VIG.


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Drawdown Indicators


GAMVIGDifference

Max Drawdown

Largest peak-to-trough decline

-66.63%

-46.81%

-19.82%

Max Drawdown (1Y)

Largest decline over 1 year

-8.67%

-7.91%

-0.76%

Max Drawdown (3Y)

Largest decline over 3 years

-14.90%

-14.95%

+0.05%

Max Drawdown (5Y)

Largest decline over 5 years

-26.09%

-20.39%

-5.70%

Max Drawdown (10Y)

Largest decline over 10 years

-41.78%

-31.72%

-10.06%

Current Drawdown

Current decline from peak

-0.34%

-1.06%

+0.72%

Average Drawdown

Average peak-to-trough decline

-11.54%

-5.47%

-6.07%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.97%

1.94%

+0.03%

Volatility

GAM vs. VIG - Volatility Comparison

General American Investors Company, Inc. (GAM) and Vanguard Dividend Appreciation ETF (VIG) have volatilities of 2.77% and 2.69%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


GAMVIGDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.77%

2.69%

+0.08%

Volatility (6M)

Calculated over the trailing 6-month period

9.58%

7.61%

+1.97%

Volatility (1Y)

Calculated over the trailing 1-year period

11.50%

10.14%

+1.36%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.00%

14.20%

+1.80%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.59%

16.02%

+1.57%

Dividends

GAM vs. VIG - Dividend Comparison

GAM's dividend yield for the trailing twelve months is around 9.85%, more than VIG's 1.50% yield.


PositionTTM20252024202320222021202020192018201720162015
GAM
General American Investors Company, Inc.
9.85%11.32%8.82%6.17%4.15%1.38%6.72%6.49%9.67%9.56%10.20%3.60%
VIG
Vanguard Dividend Appreciation ETF
1.50%1.62%1.73%1.88%1.96%1.55%1.63%1.71%2.08%1.88%2.14%2.34%

Frequently Asked Questions


GAM and VIG have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

GAM has higher volatility (2.77%) compared to VIG (2.69%). In terms of maximum drawdown, GAM dropped -66.63% vs VIG's -46.81%.

GAM currently has the higher Sharpe Ratio (2.31 vs 1.79), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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